Wynn Resorts (WYNN) | Market Matador ™

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9th August 2007

Buying More of a Favorite

Credit worries are once again shaking up the market, and investors are seeing strength in some of the weirdest of stocks. Wynn Resorts (WYNN) has barely budged today, the impressive earnings, which were released quite recently, must be keeping investors in.

While the market meltdown seems frightening, investors should be buying more shares of a favorite, Apple (AAPL). Now trading at $126 per share, Apple should be showing complete strength alongside the likes of WYNN, and yet, it isn’t.

Read our latest article on Apple and market worries.

Disclosure: Long Apple Inc. (AAPL)

(6 votes, average: 5 out of 5)

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posted in Apple (AAPL), Wynn Resorts (WYNN) | 1 Comment

2nd July 2007

Wynn Resorts is a Winner

Wynn Resorts (WYNN) dropped below $87.50 support levels quite recently, but it looks like the company may have bottomed out in the short term. WYNN has been punished quite recently as the entertainment/casino company has suffered directly from economic worries on Wall Street. The RSI and stock charts both show a clear reversal and uptrend from recent declines. Earnings and the general future outlook should continue to be strong for the company, especially alongside Macau’s casino growth.

Disclosure: No Conflicts.

(1 votes, average: 5 out of 5)

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posted in Wynn Resorts (WYNN) | 1 Comment

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Disclaimer:
MarketMatador.com contains its own opinions, and none of the information contained herein constitutes a recommendation by MarketMatador.com that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You further understand that MarketMatador.com will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained at MarketMatador.com may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Disclosure: Long Apple Inc. (AAPL)